Sunflower Oil Market is Estimated to Register a CAGR of 5.00% During the Review Period Due to High Use of Sunflower Oil in Culinary in Emerging Economies

August 2022, Market Research Future has published a Report on the Global Sunflower Oil Market

Sunflower Oil Overview:

The Sunflower Oil Market is set to grow at a CAGR of 5.00% during the forecast period 2022 to 2030. As per the market research report, the market will hit USD 23.5 Billion in terms of valuation by the end of 2030. The market growth will be driven by large scale application of sunflower oil. Based on the research report, the expanding food and beverage sector will accelerate growth in the market till 2030. Although the availability of substitute products will have a negative impact on the Global Sunflower Oil Market’s Growth during this period. The high cost associated with products is predicted to be a key challenge which could become a strong threat from 2022 to 2027 to companies. The market report published by expert analysts includes primary and secondary data and suggests that type and applications segments are anticipated to witness tremendous growth till 2027. Factors such as the growing application areas will become key growth drivers during the forecast period and the growing demand from companies across many industries is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the growing penetration of alternatives in the market which could negatively affect activities taking place across the market. The easy availability of alternative products is another challenge the market could face till 2027.

Market Segmentation:

The Sunflower Oil Market is segregated into different market segments based on Type and Applications. For a comprehensive analysis of the market, the type and applications segments are further split into smaller segments. The type segment is categorized into high-oleic oil, linoleic oil, and mid-oleic oil. Furthermore, based on applications, the global market is also segmented into biofuel, food & beverages, personal care, and others. Based on the market segmentation analysis, the report covers market forecasts.

The rapid expansion of the vegan population will support the market growth from 2022 to 2030. As per the market research report, the global market for sunflower oil is anticipated to grow at a healthy rate across all the type and applications segments. However, the presence of active threats such as the increasing demand for product substitutes could hamper the market growth. Business activities across sunflower oil have also been examined and studied by Sunflower Oil Industry’s experienced analysts. The Sunflower Oil Market Research Report covers findings with predictions and forecasts till 2030.

Regional Overview:

The Sunflower Oil Market, with its product and service-related segments, is spread across the world. Sunflower oil based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. The surging usage across different industries is anticipated to be a major factor for growth across the sunflower oil space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The sunflower oil sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Sunflower oil-based businesses in these regional markets are anticipated to grow due to the presence of many untapped opportunities across the market during the forecast period 2020 to 2027. Although t he market’s growth could be affected by the availability of alternative solutions. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape:

Sunflower oil-based organizations are profiled in the Market Research Report. The sunflower oil market along with companies and segments has been studied. The analysis of sunflower oil-based business is also done to identify key challenges and strengths of these companies. The Global Sunflower Oil Market Research Report covers SWOT analysis, Porter’s Five Force analysis of major sunflower oil related organizations. The strategy and other key details of these companies for the forecast period 2020 to 2027 are covered in the report. Favorable policies across regional markets is anticipated to support the market growth as the market is set to grow at a CAGR of 5.00% and reach a value of USD 23.5 billion by 2030.

Industry News:

We are now also better able to satisfy India's rising number of health-conscious customers by introducing Sweekar to our wide range of safe and low-absorption oils. Cargill announced that it has decided to sell its processed sunflower oil brand Sweekar to Marico Ltd. The scope of the purchase is restricted to the individual brand. This transaction not only extends Cargill's business presence in India's quality sunflower oil market, but it also enhances Cargill's asset contract of top edible oil commodity brands. Cargill now manufactures and sells sunflower oil in the United States under the Nature Fresh and Gemini names.